The future of in-car entertainment in Singapore does not look too bright, with retail volume sales expected to continue falling across all categories. The decline in retail volume sales of in-car entertainment is expected to continue to mirror the broader trend of diminishing car ownership in Singapore.
Even many years prior to the pandemic, demand for in-car entertainment in Singapore was already on a downward trajectory. This decline was attributed to the availability of higher-spec built-in navigation systems, which offered consumers a comprehensive solution rather than individual in-car entertainment products.
Individuals who highly value superior sound quality, and can afford to invest in additional sound systems for their cars, are expected to continue to purchase, and limit the retail volume decline for in-car speakers in Singapore in the forecast period, with this category set to see the slowest rate of decline within in-car entertainment. The local government’s move to increase the cost of car ownership and encourage the use of public transportation has resulted in a rise in demand for used vehicles.
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In-Car Entertainment
In-car Entertainment consists of In-Dash Media Players, In-Car Navigation, and In-Car Speakers.
See All of Our DefinitionsThis report originates from Passport, our In-Car Entertainment research and analysis database.
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